Parliamentary Finance: approval of the budget 2013 on the basis of 90 dollars per barrel of oil threatens economy

08:48:24 / 10/2012


Khandan - criticized the Finance Committee in the House of Representatives, the formula approved by the Government, yesterday, for the next year's budget 2013, accusing it of developing the country's economy in front of danger, because of the fear of a likely drop in crude oil prices, particularly with cases of economic recession in the countries of the world.

Magda said Tamimi, a member of the Finance Committee in the House of Representatives, the newspaper world that "next year's budget drafted on the basis of calculating the amount of $ 90 on average per barrel of oil, and the presumption of exporting the country's 2.9 million barrels per day."

And become Tamimi said, "This formula put the country's economy at risk, as he is not there a guarantor of the non-low crude oil prices, in particular, and we are seeing signs of an international, as the export capacity of the country did not reach so far to 2.9 million barrels per day, how was calculated this basis. "

Tamimi predicted that the House of Representatives receives "the draft budget, after the holiday of Eid al-Adha, although there we saw the implications so far, but the investment budget will be the biggest of the year."

She noted that "the Finance Committee approached the director of the retirement, for its information on the size of the amount of money sufficient to achieve the desired increase for retirees, and after that we received information about the size of this amount, we addressed the Minister of Finance for the purpose included the budget year 2013."

It showed a member of the Finance Committee in the House of Representatives that "the amount approved by the Council of Ministers large, where the government deliberately, based on the grounds that the ministries will implement part of their projects."

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